Market Analysis for Today

On Wednesday, gold prices remained resilient amid speculation that U.S. President Donald Trump might reduce some tariffs, at least on automobiles related to the U.S.-Canada Free Trade Agreement. However, uncertainty persisted, and gold traded at $2,919, showing little change.

As news continued to unfold, during the North American session, gold prices fluctuated around $2,910. The Federal Reserve adopted a hawkish stance in anticipation of upcoming monetary policy and indicated that overall economic activity had risen, but gold prices moved higher amid Trump's trade policies.

Gold opened at around 2917 and rose to around 2917 at the highest and around 2912 at the lowest before press time.Pay attention to the resistance of 2930-2940-2950 If it fails to break through, it will test 2880-2870-2860